NCLT Cannot Decide Controversies Relating To Attachment Of Property Under Benami Prohibition Act: NCLAT Chennai

The National Company Law Appellate Tribunal (“NCLAT”), Chennai Bench, comprising of Justice M. Venugopal (Judicial Member) and Shri Naresh Salecha (Technical Member), while adjudicating an appeal filed in Mr. P. Eswaramoorthy v The Deputy Commissioner of Income Tax (Benami Prohibition), has held that NCLT is not the proper Fora to determine the controversies revolving...